Changshan Beiming (000158): Loss In Advance In The First Three Quarters: RMB 40 Million-50 Million

On October 14, Changshan Beiming (000158. SZ) disclosed its performance forecast for the first three quarters of 2020. It is estimated that the net loss attributable to shareholders of Listed Companies in the first three quarters will be 40-50 million yuan, and the profit in the same period of last year will be 41.3187 million yuan; among them, the net profit attributable to shareholders of Listed Companies in the third quarter is expected to be 35 million to 45 million yuan, with a year-on-year increase of 211.38% - 300.35%.

In the first three quarters of 2020, the company's net profit attributable to shareholders of listed companies decreased year on year, mainly due to the following reasons:

1. Textile business: affected by factors such as overcapacity in the textile industry and the new crown pneumonia epidemic, the terminal demand has declined seriously. Textile enterprises are generally under employed. The production and sales volume of the company's main products have dropped, and the operating income has decreased more than that of the same period of last year, resulting in a large loss. Since August, the atmosphere of textile market has improved, production and sales show signs of recovery. The company grabs the market, guarantees orders and guarantees delivery. Meanwhile, it improves the operation and management efficiency through institutional reform. The performance of the third quarter is significantly improved compared with the previous two quarters, but it has not yet turned a loss. In the fourth quarter, the company will do a good job in relevant business management and strive to grasp the market opportunities.

2. Software business: in the face of the business opportunities brought about by the new crown epidemic in 2020 and the adverse impact of project implementation delay, the company, on the one hand, actively promotes the landing of existing business opportunities with customers, on the other hand, speeds up the implementation progress of orders and promotes the completion and acceptance of projects; at the same time, it further optimizes internal management, controls various costs, and improves profitability At present, the operating income and the net profit attributable to the owners of the parent company increased by 20% compared with the same period of last year, especially the third quarter performance increased more than that of the same period of last year, and the software business of the company has completely got rid of the adverse effects of the epidemic.